Because the company and the main counterparty of this transaction cannot reach an agreement on some core transaction terms of asset restructuring, it is planned to stop planning to purchase 75.62% equity of Bicycle Power by major asset replacement and issuing shares to purchase assets, and raise matching funds.
Suspension of trading is also called "stopping the listing of securities". A stock exchange shall regularly or irregularly review or recheck the securities listed in this exchange. If it is found that a listed security is not suitable for further listing, the Exchange may issue a Notice of Stopping Listing of Securities to suspend its listing. There is generally a prescribed time for securities to stop listing. After the reasons for suspending the listing of securities are eliminated, the Exchange will issue a Notice of Resumption of Listing to resume its listing. If the reasons for the suspension of securities have not been eliminated after the expiration of the suspension period, it is usually necessary to terminate its listing. The suspension and resumption of trading of listed securities shall be reported to the competent authority for the record and announced by the exchange. Different stock exchanges have different suspension situations.